DXY Stalls at Key Confluence Near 99.75

The US Dollar Index (DXY) is facing significant resistance around the 99.75 level, where the 100-period simple moving average aligns with the 38.2% Fibonacci retracement level.

This confluence has halted recent upside attempts for the dollar, leaving it vulnerable to renewed downside pressure if sellers defend the area.

The current price action suggests that sellers are still in control until proven otherwise, and a sustained break above this resistance could open the door toward the next resistance zone near 100.30.